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PRODUCT VALUATION REPORT

BBVA 100% Capital Protected Autocall USD Jan 2026

Strike Date: 20/01/2026
Next Observation Date: 22/01/2029
Final Observation Date: 20/01/2032
Returns and Barriers: 
Maximum Term: 6 years
Investment Structure: Capital Protected Autocall
Autocall Opportunities: Semi-Annual
(First Observation at 36 months)
Autocall Trigger: 100% of initial level
Coupon Rate: 3.85% Semi-Annually (7.70% p.a.)
Capital Risk: None
Capital Protection Barrier: 100% Capital Protected
ISIN: XS3205826954
Currency: USD
Current Price: 94.97% (as at 16/09/2026 09:53 UK Time)
Coupons Paid to Date: 0.0000%
UnderlyingStrike
Level
Last COB
Level
Increase/
Decrease
SMI13,169.9613,808.874.85%
FTSE MIB44,713.4651,555.1915.30%
Nikkei 22552,991.1063,484.1019.80%
Russell 20002,645.362,870.298.50%
Source: Bloomberg